Friday, 6 January 2017

EPIC RESEARCH MCX COPPER UPDATE OF 6 JANUARY 2017

Copper trading range for the day is 374.2-391.2. Copper dropped as investors cut bets on higher prices, although expectations of robust growth in China supported optimism about demand. The possibility of a strike in February at BHP Billiton's Escondida copper mine in Chile, is also on the radar for traders. Investors were also hedging their bets ahead of U.S. non-farm payroll data due to be released on Friday.